The Karachi Stock Exchange’s benchmark 100-share index briefly crossed the historic 18,000-point level on Friday before shedding early gains.
Dealers said that investors’ sentiment is positive on reportsthat Supreme Court of Pakistan annulled a decision of the Lahore High Court which had stopped collection of tax on incoming international calls.
The market is also buoyant on some healthy corporate earnings announced this season, they added.
At 12.55 pm KSE 100-share index was trading at record 17,962.06 points, up 0.23 percent or 41.04 points with a turnover of 94.1 million shares.
The index made an intraday historic high of 18,024 points early in the session.